To find economic profit from accounting profit, it is necessary to
A) subtract dividends.
B) add retained earnings.
C) subtract the opportunity cost of capital.
D) add depreciation expense.
Answer: C
Economics
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Suppose that the technology used to produce computers advances. How does this change affect the supply of computers and the supply curve of computers?
What will be an ideal response?
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An inferior good is a good whose income elasticity of demand is less than 0
Indicate whether the statement is true or false
Economics